AIG Bank Reviews and Rates

AIG Bank’s mission is to make it easier for you to grow your savings and achieve your financial goals, such as saving for retirement and other life events or buying a home.

Chartered in May 2000 to serve consumers, small businesses, AIG policyholders, and AIG employees, AIG Bank provides specialized FDIC insured deposit products, loan products, and banking services to these core customer groups nationwide.

AIG Bank Routing Number: 031176097

AIG Bank Savings Account Rates

	Apy	Min	Max	Product
	0.05%	-	-	Sweep Deposit Savings Account

AIG Bank Money Market Rates

	Apy	Min	Max	Product
	0.55%	$10k	-	Money Market Account

AIG Bank CD Rates

Apy	Min	Max	Product
0.60%	-	-	12 Month CD
0.60%	-	-	18 Month CD
0.60%	-	-	24 Month CD
0.60%	-	-	36 Month CD
0.60%	-	-	60 Month CD
0.25%	-	-	6 Month CD

AIG Bank IRA Rates

Apy	Min	Max	Product
0.60%	-	-	12 Month IRA
0.60%	-	-	18 Month IRA
0.60%	-	-	24 Month IRA
0.60%	-	-	36 Month IRA
0.60%	-	-	60 Month IRA
0.60%	-	-	12 Month Roth IRA
0.60%	-	-	18 Month Roth IRA
0.60%	-	-	24 Month Roth IRA
0.60%	-	-	36 Month Roth IRA
0.60%	-	-	60 Month Roth IRA
0.25%	-	-	6 Month IRA
0.25%	-	-	6 Month Roth IRA

Rates updated: 5/21/2013

Data for Q4 2012

Institution Statistics

AIG Federal Savings Bank
OTS #	14939
FDIC Certificate #	35267
BankRate Report	View
Year Established	2000
Employees	32
Primary Regulator	OCC
Assets and Liabilities
Assets	$980.44 million
Loans	$205.22 million
Deposits	$819.11 million
Equity Capital	$138.68 million
Loan Loss Allowance	$2.54 million
Unbacked Noncurrent Loans	$2.75 million
Real Estate Owned	$639,000
Historic Data - December 2011
Assets	$1.06 billion
Equity Capital	$132.17 million
Loan Loss Allowance	$2.42 million
Unbacked Noncurrent Loans	$2.99 million
Real Estate Owned	$365,000
Profit Margin - Quarterly
Net Interest Margin	1.22%
Return on Assets	-0.28%
Return on Equity	-2.09%
Interest Income	$18.25 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 AIG Bank had $3.39 million in non-current loans and owned real-estate with $141.22 million in equity and loan loss allowances on hand to cover it. This gives AIG Bank a Texas Ratio of 2.40% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for AIG Bank held steady from 2.32% as of December 31, 2011 to 2.40% as of December 31, 2012, resulting in a negative change of 3.39%. This indicates that the balance sheet and financial strength for AIG Bank has held steady in recent periods.
Deposit Growth
In the past year, AIG Bank has decreased its total deposits by -$76.68 million, resulting in -8.56% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth AIG Bank has shown is poor.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. AIG Bank has $980.44 million in assets with $141.22 million in equity, resulting in a capitalization level of 14.40%, which is excellent.